Fidelity Investments is closing its £95.6m international bond fund to new retail investment and converting it into a sub-fund of the company's Oeic.
Fidelity says interest in the fund from the retail sector has dropped but existing retail investors will be able to remain in the fund. The annual charge will decrease from 1 per cent to 0.5 per cent.
In the expectation that the UK's biggest companies will continue to outperform the FTSE All-Share index, Hill Samuel Asset Management has launched the British Pep. The Pep is based on its long-established British Trust and includes holdings such as Glaxo, HSBC and Barclays Bank. Hill Samuel says it is currently bullish about UK equities and […]
One of the key issues in the stakeholder pensions debate is the degree of regulation appropriate to the products. Would it be prudent to exclude stakeholder pensions from the present framework of regulation by introducing some form of kitemarking? On the face of it, there are advantages to this. First, providers would not need to […]
Eagle Star has paid £1,500 in compensation to a Sussex-based IFA over an approach to a client by its now defunct direct salesforce. The firm, Lilley Cohen, received the payment as a result of a row over an approach by an Eagle Star salesman to one of its clients holding a commercial mortgage with the […]
A new investment product dubbed “the McOik” is being launched on April 16. The first open-ended investment company North of the border has been given the nickname by its creator Templeton Investment Management in Edinburgh. It will be officially named Templeton Funds and absorb three existing unit trusts – Templeton global growth, Templeton value and […]
Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).
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The New Model Business Academy is running a free financial education programme for teenagers that will be delivered by advisers. NMBA, part of the SimplyBiz Group, is partnering with M&G Investments, Zurich, Vanguard and BMO Global Asset Management to sponsor the programme. The programme will be delivered by financial advisers who have contacts at schools, […]
Advisers are publishing their fees on review website VouchedFor in an effort to be more transparent. Research by VouchedFor for the Sunday Times shows 423 advisers, representing 263 firms, have published their charges on the site. VouchedFor, the review site for financial and mortgage advisers, solicitors and acountants, does not publish adviser charges on their […]
Protection Review chief executive Kevin Carr looks at recent market events Power to the people Now in its third year, the Protection Distributors Group has recently launched its “Claims Charter”, which aims to improve the basic levels of best practice undertaken by insurers when dealing with claims. Over the last two years, the group has […]
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